# US dollar to weaken, but Fed rate cuts are required, say strategists:  Reuters poll

> A Reuters poll of FX strategists expects the dollar to weaken slightly over the next 12 months, though they generally view it as overvalued. Analysts have repeatedly predicted dollar weakness, but the dollar index was up 2.9% year to date at the time of the poll.

- Date: 2024-06-05 · published 2024-06-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/29967-us-dollar-to-weaken-but-fed-rate-cuts-are-required-say-strategists-reuters-poll
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The forecast suggests modest support for dollar-priced commodities over the next year, but the timing is uncertain. Persistently high US rates keep the dollar strong, which limits export price support.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-07-10 | [Why the Fed cutting interest rates may weaken the U.S. dollar](https://feedsoft.ai/events/29459-why-the-fed-cutting-interest-rates-may-weaken-the-u-s-dollar.md) | -0.6% | +0.2% |
| DXY | 2022-10-15 | [Fed's Bullard says boost to dollar from interest rate hikes may ease \| Reuters](https://feedsoft.ai/events/39330-fed-s-bullard-says-boost-to-dollar-from-interest-rate-hikes-may-ease-reuters.md) | -0.5% | -3.8% |
| DXY | 2024-09-18 | [Dollar gains ground after Fed delivers bumper 50 basis point rate cut](https://feedsoft.ai/events/28505-dollar-gains-ground-after-fed-delivers-bumper-50-basis-point-rate-cut.md) | -0.4% | +1.9% |
| DXY | 2023-11-16 | [Dollar steady as U.S. jobless claims boost Fed rate cut bets](https://feedsoft.ai/events/10103-dollar-steady-as-u-s-jobless-claims-boost-fed-rate-cut-bets.md) | -0.3% | -1.2% |
| DXY | 2019-09-30 | [Bets That Fed Rate Cuts Will Dent Dollar May Prove ‘Dangerous’ - Bloomberg](https://feedsoft.ai/events/57272-bets-that-fed-rate-cuts-will-dent-dollar-may-prove-dangerous-bloomberg.md) | -0.2% | -1.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/us-dollar-weaken-fed-rate-cuts-are-required-say-strategists-2024-06-05/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.